AIRGENIC AS: årsregnskap 2016 vs 2015
Shrank 7% on revenue, weaker earnings
approved 2017-06-29; registry 2017-07-12; journal 2017 669513
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AIRGENIC AS. Revenue 5.03m NOK → 4.69m NOK (-6.8%). Net result +737.7k NOK → +576.9k NOK. Equity 725.3k NOK → 2.30m NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AIRGENIC AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 725.3k NOK → 2.30m NOK (equity ratio 33.2% → 75.2%). Calculated
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↑
Cash rose
Bank deposits 1.08m NOK → 1.78m NOK (+63.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.19m NOK → 2.17m NOK (43% → 46% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.03m NOK to 4.69m NOK (-6.8% YoY). Calculated
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↓
Operating result weakened
Operating result +648.3k NOK → +584.4k NOK (op. margin 12.9% → 12.5%). Calculated
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↓
Net result weakened
Net result +737.7k NOK → +576.9k NOK (net margin 14.7% → 12.3%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.34m NOK → 1.06m NOK (-21.0% YoY). Calculated